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Company Management
  • An application can be considered for a licence to conduct a company management business in Labuan if it meets the following criteria:
    • A trust company licensed under the Labuan Financial Services and Securities Act 2010 (LFSSA).
    • A firm engaging in company management activities licensed by the regulatory authority in the country of origin, if applicable.
    • A firm that is successful in undertaking similar activities in other financial centres with proven performance record, consistent returns on equity and returns on assets.
    • A Labuan company incorporated under the Labuan Companies Act 1990 to be run by personnel with the necessary expertise and skills.
  • Management companies must be set up under the LFSSA. Among the requirements for a licence are:
    • The applicant company must produce a guarantee and provide a security deposit of RM50,000 to Labuan FSA to undertake any liability arising from its operations in Labuan.
    • The director or chief executive officer of the applicant company must be fit and proper persons. Prior approval from Labuan FSA must be obtained for the appointment.
    • It must have a favourable business plan in promoting Labuan IBFC.
    • An applicant company providing Islamic company management services must engage the services of a Shariah Advisory Panel comprising reputable Shariah law experts.
    • A firm may not be allowed to undertake an Islamic company management business unless Labuan FSA is satisfied that the applicant company has necessary expertise and experience in handling such business.
    • The applicant company must have a minimum authorised capital of RM500,000 and paid-up capital of RM100,000 (unimpaired by losses) or its equivalent in any foreign currency.
    • The company must inform Labuan FSA of any changes in the shareholding structure or capital and/or any erosion of paid-up capital.
    1. The applicant company must maintain a registered office in Labuan. All dealings must be done through this registered office in Labuan.
    2. The applicant company can only transact business in foreign currency and not deal in Malaysian Ringgit except for the purpose of defraying administrative and statutory expenses.
    3. The applicant company shall provide company management services to Labuan companies and non-residents only.
    4. The applicant company shall appoint an approved auditor.
    5. The applicant company must notify Labuan FSA of any amendments or alterations to any of its constituent documents.
    6. The applicant company must be active in its performance, which is to be judged from the number of deals, projects, etc, arranged in each year.
  • Type of Fees
    Amount
    Annual Fee
    RM5,000
    USD1,500
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